Corporate social responsibility report, debt capital cost— Evidence from Chinese A-share listed firms in the environmental sensitive industries

DOI

10.2991/icssed-19.2019.107How to use a DOI?

Keywords

Environmentally sensitive enterprises, Social responsibility report, Debt capital cost.

Abstract

The disclosure of corporate social responsibility reports can reduce the cost of obtaining information for stakeholders, help investors analyze and decide. This paper empirically examines the relationship between social responsibility reporting and debt capital costs in the industry using data from environmentally sensitive companies listed on the Shanghai and Shenzhen A-shares in 2013-2016. The results of the study show that such corporate social responsibility report disclosure has a significant negative impact on the cost of debt capital; furthermore, the higher the quality of social responsibility reporting, the more beneficial to reduce the cost of debt capital, and this negative relationships are more pronounced in state-owned enterprises.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wang Manyu
AU  - He Guozhu
AU  - Lin Dongchuan
PY  - 2019/05
DA  - 2019/05
TI  - Corporate social responsibility report, debt capital cost— Evidence from Chinese A-share listed firms  in the environmental sensitive industries
BT  - Proceedings of the 2019 4th International Conference on Social Sciences and Economic Development (ICSSED 2019)
PB  - Atlantis Press
SP  - 569
EP  - 573
SN  - 2352-5398
UR  - https://doi.org/10.2991/icssed-19.2019.107
DO  - 10.2991/icssed-19.2019.107
ID  - Manyu2019/05
ER  -